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Children learn hacker ways at DefCon

Nine-year-old Anna focused intently as she screwed a circuit board into place in a first-ever “DefCon Kids village” created to tutor children in the ways of hacking. Her 10-year-old brother, Jake, was working on a similar task and beginning to suspect that the screws he was using were refusing to…

Oil prices slump as U.S. downgrade stokes demand worries

World oil prices slumped Monday over fears of slowing energy demand in the United States after a shock credit rating downgrade for the world’s biggest economy, analysts said. New York’s main contract, West Texas Intermediate light, sweet crude for delivery in September, plunged $3.40 to $83.48 a barrel. Brent North…

Greenspan sees negative market take on downgrade

Former US Federal Reserve chairman Alan Greenspan said Sunday he believes the financial markets will react negatively to the downgrade of the US credit rating, and will take “a while” to settle. “Considering the momentum in which the market went down over the last week, it’s very unlikely — if…

Second U.S. recession could be worse than the first

A second recession, what many are calling the double-dip recession, could be on its way, economists warn. And should it come, it will probably be even more devastating than the previous period of economic woe. “It would be disastrous if we entered into a recession at this stage, given that…

World leaders search for response to U.S.-Euro debt crisis

World leaders searched Sunday for answers to a global debt crisis, hoping to head off a massacre on markets spooked by an unprecedented US rating downgrade and Europe’s swelling malaise. France and Germany called for full implementation of measures agreed at a eurozone summit in July to safeguard the single…

Antidepressant use increasing among those with no psychiatric diagnosis

Antidepressants became the third most commonly prescribed class of medications in the United States thanks in part to non-psychiatrist providers prescribing the drugs to individuals without any psychiatric diagnosis, according to a new study led by researchers at the Johns Hopkins Bloomberg School of Public Health. “We’ve seen a marked…

Hackers debate ‘Anonymous’ tactics at DefCon gathering

LAS VEGAS — Hackers bent on derailing Anonymous clashed with members of the notorious group at a DefCon gathering in Las Vegas late Saturday. “Hubris” and “Asherah” of startup Backtrace Security condemned Anonymous for “bully behavior” and argued that the group was trying to pass off reckless opportunism as Internet-age…

45,000 Verizon workers strike

NEW YORK (Reuters) – Unions representing 45,000 Verizon Communications workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday. Verizon and the unions — The Communications Workers of America and the International Brotherhood of Electrical Workers – had been in talks…

Dollar to drop on S&P move; safe-haven demand seen

HONG KONG (Reuters) – The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P’s downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in…

Hacking encouraged, even prized, at Vegas geek fest

LAS VEGAS (Reuters) – There was a whole lot of hacking going on in Sin City this weekend — and right under the noses of federal agents. But in a sign of a time when cybersecurity is at the forefront of national security concerns, the feds were not lurking in…

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